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No Economic Silver Lining in Tax Hikes

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Publication Date: February 2008

Publisher(s): Heritage Foundation (Washington, D.C.)

Author(s): JD Foster

Series: WebMemo

Topic: Banking and finance (Taxation and tax policy)
Economics (Economic policy, planning, and development)

Keywords: Economy; investment; capital; hikes

Type: Brief

Coverage: United States

Abstract:

A new theory mistakenly suggests that higher taxes may be benign or even beneficial to economic growth.